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branding iron products a specialty steel fabricator, operates a plant in the town of west star, texas. the town has grown rapidly because of recent discoveries of oil and gas in the area. many of the new residents have expressed concern at the amount of pollution( primarily particular matter in the air and waste water in the town's river) emitted by branding iron. three proposals have been made to remedy the problem:
a. impose a tax on the amount of particulate matter and the amount of waste water emitted by the firm.
b. prohibit pollution by the firm.
c. offer tax incentives to the firm to clean up its production processes. Evaluate each of these alternatives from the perspectives of economics efficiency, equity and the likely long term impact on the firm.
If a regulatory commission establishes a price with the goal of achieving allocative efficiency, what would be the price and output What would be the firm's profit or loss d. If a regulatory commission establishes a price with the goal of allowing..
What are some explanations for the coordination failures that prevent workers and employers from reaching agreements?
A country with fixed quantities of resources is able to make any of the following combinations of bread and ovens.
the present value of his endowment would be what? I know the answer is 2500, but I need to know HOW you get this?
Using two graphs, show consumer surplus before and after government intervention.
Calculate the change in welfare compared to the free market outcome (i.e., in the absence of minimum wages). Is this a welfare gain or a loss?
What was the Neolithic Revolution. Explain
if the government becomes more heavily involved in subsidizing some businesses and sectors of the economy while levying higher taxes on others, how will this influence the quantity of rent seeking how will this affect long term growth
A $2.50 decrease in the price of the $17 salmon entrée increased sales from 40 to 75 meals per week. Which entree should he choose to put on sale?
Lightweight personal locator beacons are now available to hikers that make it easier for the Forest Service's rescue teams to locate those lost or in trouble in the wilderness.
Suppose the Demand for baseballs is given by Q = 200 - 8P. a) What is the price elasticity of demand when P = 6? b) At what price will Total Revenue be maximized? c) What is the firm's Marginal Revenue when the price is $10?
Suppose your college charges you separately for tuition and for room and board. then what is a cost of attending college that is not an opportunity cost.
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